Monthly Archives: September 2012

How big is that payment?

So far we’ve looked primarily at cash payments. Now let’s talk about transactions over interbank payment systems such as TARGET, Fedwire, CHAPS and of course SWIFT. Interbank payments are several orders of magnitude larger than cash transactions: the average SWIFT … Continue reading

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The payment world isn’t flat

Back in chapter 5 I asked where you spend your money? Is it close to home, further away, abroad? We found that money itself does not travel very far. But what about transaction patterns in general? In today’s globalised economy … Continue reading

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